Wealth Management
 
WealthManagment.com Daily Memo
Wealth Management Daily Memo

FEBRUARY 20, 2025

INDUSTRY NEWS

Advisor, CNBC Analyst Pleads Guilty to Conning Clients

James Arthur McDonald was arrested in June 2024 after more than two years on the run from law enforcement. The Justice Department accused him of defrauding clients of at least $2.7 million.

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ALTERNATIVE INVESTMENTS

LPL Launches Alts Platform

LPL's Alts Connect is powered by SUBSCRIBE, which provides the technology infrastructure for digitizing the alternative investment subscription and reporting processes.

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SPONSORED CONTENT
Staying Strong in a Changing Industry
Carlo Bidone shares how Kovack has stayed true to its roots.
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ETFS

Fidelity Adds ETF Model Portfolios Aimed at Wealth Segment

The target allocation and target risk portfolios include a mix of active and passive proprietary and third-party ETFs.

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401K TV

401(k) Real Talk Episode 140: February 20, 2024

Open, honest and candid discussion about the DOL fiduciary rule, the new EBSA head, Hightower's new CEO and more.

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REGULATION & COMPLIANCE

SEC Replaces Crypto Enforcement Team with Smaller ‘Cyber’ Unit

The new group will consist of about 30 fraud specialists and attorneys across multiple SEC offices.

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